1 week Ago By ABMN Staff
Chris Bulman Inc acquired a new stake in shares of Patterson Companies, Inc. ( NASDAQ:PDCO – Free Report ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,932 shares of the company’s stock, valued at approximately $71,000.
Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC grew its stake in Patterson Companies by 201.2% during the 2nd quarter.
LRI Investments LLC now owns 1,262 shares of the company’s stock valued at $30,000 after purchasing an additional 843 shares in the last quarter. Spire Wealth Management acquired a new stake in Patterson Companies during the 1st quarter valued at approximately $35,000. Mather Group LLC.
grew its stake in Patterson Companies by 1,376.1% during the 2nd quarter. Mather Group LLC.
now owns 1,609 shares of the company’s stock valued at $39,000 after purchasing an additional 1,500 shares in the last quarter. Family Firm Inc. acquired a new stake in Patterson Companies during the 2nd quarter valued at approximately $45,000.
Finally, Innealta Capital LLC acquired a new stake in Patterson Companies during the 2nd quarter valued at approximately $66,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
Insider Buying and Selling at Patterson Companies In other Patterson Companies news, CEO Donald Zurbay sold 5,875 shares of Patterson Companies stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $23.71, for a total transaction of $139,296.
25. Following the sale, the chief executive officer now owns 237,288 shares of the company’s stock, valued at approximately $5,626,098.48.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other Patterson Companies news, CFO Kevin Michael Barry sold 1,216 shares of Patterson Companies stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $23.
72, for a total transaction of $28,843.52. Following the sale, the chief financial officer now owns 41,605 shares of the company’s stock, valued at approximately $986,870.
60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CEO Donald Zurbay sold 5,875 shares of Patterson Companies stock in a transaction on Wednesday, July 3rd.
The shares were sold at an average price of $23.71, for a total value of $139,296.25.
Following the sale, the chief executive officer now directly owns 237,288 shares in the company, valued at approximately $5,626,098.48. The disclosure for this sale can be found here .
Insiders have sold 17,149 shares of company stock valued at $415,851 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
Patterson Companies Price Performance Patterson Companies ( NASDAQ:PDCO – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
32 by ($0.08). The business had revenue of $1.
54 billion during the quarter, compared to the consensus estimate of $1.59 billion. Patterson Companies had a return on equity of 19.
87% and a net margin of 2.58%. The business’s quarterly revenue was down 2.
3% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share.
Analysts forecast that Patterson Companies, Inc. will post 2.33 EPS for the current year.
Patterson Companies Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were paid a dividend of $0.26 per share.
This represents a $1.04 annualized dividend and a yield of 5.02%.
The ex-dividend date of this dividend was Friday, July 19th. Patterson Companies’s payout ratio is currently 52.00%.
Analyst Ratings Changes A number of brokerages have weighed in on PDCO. StockNews.com lowered Patterson Companies from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st.
JPMorgan Chase & Co. lowered their price target on Patterson Companies from $29.00 to $26.
00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Bank of America reduced their price objective on Patterson Companies from $31.00 to $29.
00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Evercore ISI dropped their target price on shares of Patterson Companies from $25.00 to $23.
00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Finally, Morgan Stanley decreased their price target on shares of Patterson Companies from $30.00 to $28.
00 and set an “equal weight” rating for the company in a report on Thursday, June 20th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.
com, Patterson Companies presently has a consensus rating of “Hold” and a consensus target price of $28.40. Get Our Latest Report on Patterson Companies Patterson Companies Company Profile ( Free Report ) Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada.
The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems. Read More Want to see what other hedge funds are holding PDCO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Patterson Companies, Inc. ( NASDAQ:PDCO – Free Report ). Receive News & Ratings for Patterson Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies and related companies with MarketBeat.
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